Author: Editor
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June 2025
May revealed widening contrasts across corporate Mexico. While some firms reported contractions driven by inflationary pressure, operational delays or softer demand, others posted solid gains - signalling that current volatility is testing firms’ adaptability. Nearshoring momentum appears to have slowed, but previously announced investments remain intact, with no sign of capital withdrawal.…… Read the rest
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Philippines Macro Brief: May 2025
Philippines Macro Brief: May 2025 US-Philippines trade negotiations are ongoing in Washington as we type, with the expectation tariffs will eventually fall into the 10-15% range. Meanwhile, the Bangko Sentral ng Pilipinas’ (BSP) Circular No. 1212 has introduced a sweeping range of changes set to affect FX derivatives, FX speculation, the quantification of FX exposure,…
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Russia Macro Brief: May 2025
This month, in the light of Putin’s 28th May demand that Western leaders pledge in writing to halt the eastward expansion of NATO, we are taking a step back from our usual macro terrain. Instead we are focusing on geopolitics - and specifically on an article we published almost exactly three years ago.… Read the…
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Malaysia Macro Brief: May 2025
Malaysia’s macro policy stance remains steady - but not still. Bank Negara Malaysia (BNM) is holding rates firm, the Ringgit is under pressure and signs of financial tightening are quietly building. Black market rates have started creeping back in, retail card usage overseas is facing new restrictions and the central bank is clearly watching capital…
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Chile Macro Brief: May 2025
Chile enters mid-2025 with the brakes on and the pressure building. The Central Bank has kept rates on hold for a third straight meeting as inflation proves stickier to shift than had been hoped and the peso loses a bit of steam. Growth is slowing, the labour market remains patchy and the reform agenda is…
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Vietnam Macro Brief: May 2025
Some major regulatory developments this month that should tighten economic governance, create more room for foreign investment, sharpen statistical tools, and strengthen fuel supply resilience and pricing oversight. At the same time, negotiations over President Trump’s Liberation Day tariffs rumble on, set against the backdrop of the US’s hefty trade deficit with Vietnam.… Read the…
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May 2025
The BNP has called on the interim government to release an election roadmap without delay. Meanwhile, the Awami League has been banned from politics, with its registration suspended. On the economic front, the World Bank has projected GDP growth at just 3.3% this fiscal year. Remittances have surged, but exports hit a 10-month low.…… Read…
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May 2025
The BNP has called on the interim government to release an election roadmap without delay. Meanwhile, the Awami League has been banned from politics, with its registration suspended. On the economic front, the World Bank has projected GDP growth at just 3.3% this fiscal year. Remittances have surged, but exports hit a 10-month low.…… Read…
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May 2025
Kazakhstan is quietly but decisively in motion. On the foreign policy front, Tokayev is playing the long game. His recent Moscow visit was a cautious nod to history, not a tilt toward dependency. At the same time, ties with the Gulf are deepening fast, with the UAE injecting over USD5 billion into strategic sectors from…
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May 2025
Kazakhstan is quietly but decisively in motion. On the foreign policy front, Tokayev is playing the long game. His recent Moscow visit was a cautious nod to history, not a tilt toward dependency. At the same time, ties with the Gulf are deepening fast, with the UAE injecting over USD5 billion into strategic sectors from…